Investor · Chico, CA · Member since 2015 · 40 posts · 6 votes
Hello Everyone,
Noob here from NorCal. If you live in or near Chico, California, I'd love to visit with you for lunch. I'll buy. I'm looking to build a network of friends both online and locally so we can share and grow our businesses.
I'm 46, married with 3 young-ish children and work as a teacher. Real estate investing is my next adventure and I'm working to build a retirement for me and my wife.
My game plan is to wholesale SFHs and Apartments to build cash and then invest in apartments in emerging markets wherever it makes sense in the US. If you have insight into these areas, especially successfully working deals in Norther California, I'm all ears.
Nice to meet you too ! Weather has been killer man, sunny and warm. I have not been to ComiCon but have a lot of friends that go every year, it just was last weekend.
I've been in REI since the crash with SFR's, I am now a Hard Money lender for CA, AZ, NV, and TX and also flipping some properties with a couple partners here in San Diego. We have done some Bay Area properties, so keep my contact in case you need some help/ advice or even a partner.
I'm from Chico but also am a newbie. I would love to connect and talk though. Have some thoughts on creating more networking in Chico.
My son (he is 16 and has a tremendous desire to succeed in RE) and I have been traveling down to Roseville and Sacramento for network meetings which are great but would love to start something up here.
Chico is so small, we probably have some sort of connection already. It seems when I meet new people they usually know someone I know, or there is some sort of connection. That's one thing I like about Chico. You def must be on good behavior here, because word gets out quick! Anyway, welcome to BP. You will LOVE this site!!!
BP is full of useful resources such as forums and blogs. Welcome to the Bigger Pockets community-be sure to check out all the awesome BP blogs under “Learn.”
Nice to meet you too ! Weather has been killer man, sunny and warm. I have not been to ComiCon but have a lot of friends that go every year, it just was last weekend.
I've been in REI since the crash with SFR's, I am now a Hard Money lender for CA, AZ, NV, and TX and also flipping some properties with a couple partners here in San Diego. We have done some Bay Area properties, so keep my contact in case you need some help/ advice or even a partner.
Will do Chase. I've got a potential deal I'm look into today, so we'll see what happens. Thanks!
I'm from Chico but also am a newbie. I would love to connect and talk though. Have some thoughts on creating more networking in Chico.
My son (he is 16 and has a tremendous desire to succeed in RE) and I have been traveling down to Roseville and Sacramento for network meetings which are great but would love to start something up here.
Chico is so small, we probably have some sort of connection already. It seems when I meet new people they usually know someone I know, or there is some sort of connection. That's one thing I like about Chico. You def must be on good behavior here, because word gets out quick! Anyway, welcome to BP. You will LOVE this site!!!
Terri
Hi Terri,
We should definitely meet up. I've been connecting with a few investors in town and have brought up the topic of creating a club. I'll send you a private message and maybe we can meet for lunch.
@Dave Hall Welcome to the site, Chico is a good rental market due to the college. Keep in touch I will be in the market for a deal in the near future and would consider Chico as an option.
@Dave Hallwe have a great free rei meetings in Roseville. Since Chico is so small you can start your own meetings. try starting a meetup group in chico along with a facebook rei page in Chico to see if you can get people to show up. You can always email any financing questions about investment houses.
@Dave Hall Welcome to the site, Chico is a good rental market due to the college. Keep in touch I will be in the market for a deal in the near future and would consider Chico as an option.
Awesome Chris. I've got about 3 properties in various stages of negotiation so I'm hoping one of them will drop soon. Do you attend a club in Sac? I missed the last Sac REIA meeting but I'm planning to come. There doesn't seem to be a club here in Chico yet. I'd love to meet up with you to chat one of these days. I get down to Sac quite often.
I attend the BP meetups that happen about once a quarter here in Sac. I went to CSUC and was up there for 10 years (4 in school and stayed around for 6 more after). I love the area, my wife was born and raised there which was one of the reasons she wanted to leave, had to spread her wings. However I know the area is great for rentals, I mean I rented for ten years while I was up there. Generally I am looking for anything that I can get conventional financing on first, 3 bed 1-2bath (I like 1.5 so I have the option to convert the .5 to a full), and needs some work. I aim to BRRR my properties, so if you have something that falls in that category I would be interested in talking to you about it, or even if it doesn't fit that model and you just need someone to look at the numbers as a second opinion let me know.
@Dave Hallwe have a great free rei meetings in Roseville. Since Chico is so small you can start your own meetings. try starting a meetup group in chico along with a facebook rei page in Chico to see if you can get people to show up. You can always email any financing questions about investment houses.
Hey Gordon,
When and where does your club meet? I'll be there. Setting up a meetup and a Facebook page is a great idea. Done! :) I appreciate the offer to help with financing questions.
I attend the BP meetups that happen about once a quarter here in Sac. I went to CSUC and was up there for 10 years (4 in school and stayed around for 6 more after). I love the area, my wife was born and raised there which was one of the reasons she wanted to leave, had to spread her wings. However I know the area is great for rentals, I mean I rented for ten years while I was up there. Generally I am looking for anything that I can get conventional financing on first, 3 bed 1-2bath (I like 1.5 so I have the option to convert the .5 to a full), and needs some work. I aim to BRRR my properties, so if you have something that falls in that category I would be interested in talking to you about it, or even if it doesn't fit that model and you just need someone to look at the numbers as a second opinion let me know.
Very cool. I teach graphic design at Chico State. I'm off for the summer so I'm working to ramp up the real estate before I go back.
I had to lookup what a BRRR is but that sounds like a good strategy. I'll definitely show you what I have. 2 of the 3 homes I'm negotiating on are 3/2s. The other is a 2/1 and I'm not sure how I feel about it. It's in the "Barbertown" neighborhood which is south of 9th and west of Park near the matchstick factory. I'm told by my real estate agents that it is a favorite for rehab investors. So the property may be good for students or young couples. What do you think?
I myself lived in a house in that area 12th and Chestnut. Love that area down there, mostly good sections but there are some areas that are not the best.
interested too. I lived at 5th & chestnut. If i had known better about rei, i would have bought that house, great location. My mom owns 4 rentals there & my brother still lives there running a cabinet shop & doing his own taxidermy cabinets as well. Id be very interested now but most prices are elevated right now on mls. I have heard there is a shortage of rentals this year. With my brother is town, a prop mgr my mom uses & his employees too, i have decent contacts there. Plus i just like the town :)
interested too. I lived at 5th & chestnut. If i had known better about rei, i would have bought that house, great location. My mom owns 4 rentals there & my brother still lives there running a cabinet shop & doing his own taxidermy cabinets as well. Id be very interested now but most prices are elevated right now on mls. I have heard there is a shortage of rentals this year. With my brother is town, a prop mgr my mom uses & his employees too, i have decent contacts there. Plus i just like the town :)
Hey @Dave Hall Welcome to the site! I grew up in Paradise (just up the hill from Chico), went to Chico State and rented around town the four years I was there. My parents and brother still live there. Definitely keep in mind that it is a college town and you will have all of the challenges that come along with it. Most tenants are young and on their own for the first time. Sure, parents may be co-signing but you won't have much to go on when screening the actual tenants! A lot of these kids are on their own for the first time and don't know how to take care of a house properly. Plus, there is a ton of turnover. (I lived in a different place almost every semester!) Further out from the campus you'll get more families and more of the "better" students, but there will also be less demand. There are also certain areas/neighborhoods that you should stay away from, so be sure to ask the locals about the areas you plan to invest. Good luck!
Thanks for the warm welcome Jessica. I'm learning all I can about the market. I've been here for quite a while now, but as you know, putting on your investor glasses changes things. I appreciate the pointers. :)